ALRG vs HELO
Allspring LT Large Core ETF vs JPMorgan Hedged Equity Laddered Overlay ETF
Which is better, ALRG or HELO?
Nearly the same fund. ALRG costs less.
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALRG | HELO |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.50% |
| AUM | $8M | $4.9B |
| Dividend Yield | 0.42% | 0.57% |
| Holdings | 51 | 156 |
| YTD Return | +13.91%Best | +4.91% |
| 1Y Return | +18.20%Best | +7.68% |
| 3Y Return (annualized) | - | +11.88% |
| Volatility (annualized) | 11.9% | 6.8%Best |
| Max Drawdown | -9.3% | -5.8%Best |
| $10,000 over 1.3 years | $12,860Best | $11,173 |
| Top 10 Weight | 47.1% | 40.1%Best |
| Fund Family | Allspring Global Investments | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 8, 2025 | Sep 28, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 14, 2026 (1.3 years).
ALRG vs HELO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
ALRG vs HELO Performance
Allspring LT Large Core ETF (ALRG) is an ETF from Allspring Global Investments and JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an ETF from J.P. Morgan Asset Management. Over the past year ALRG returned +18.20% while HELO returned +7.68%. Year to date, ALRG is up 13.91% versus a gain of 4.91% for HELO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALRG has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 6.8% for HELO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.3% for ALRG and -5.8% for HELO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ALRG charges 0.28% per year while HELO charges 0.50%. On a $10,000 position that is $28 vs $50 annually, a gap of $22 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 0.57% for HELO.
Holdings Overlap
69.2% of ALRG's money is in holdings HELO also owns. 46.3% of HELO's money is in holdings ALRG also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 50 positions we hold weights for in ALRG and 146 in HELO, against full books of 51 and 156.
What only one of them owns
Our book lists 115 positions for HELO that do not appear in our book for ALRG (52.1% of the fund), and 16 for ALRG that do not appear in HELO (20.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ALRG | Weight in HELO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.81% | 7.01% | 1.80% |
| MSFTMicrosoft Corp | 7.79% | 6.29% | 1.50% |
| NVDANvidia Corp | 5.43% | 8.17% | 2.74% |
| AMZNAmazon.Com Inc | 4.79% | 4.26% | 0.53% |
| GOOGAlphabet Inc. C | 5.53% | 2.26% | 3.27% |
| AVGOBroadcom Inc | 3.83% | 2.64% | 1.19% |
| METAMeta Platforms Inc | 2.86% | 2.31% | 0.55% |
| AMDAdvanced Micro Devices Inc | 2.75% | 1.28% | 1.47% |
| LLYEli Lilly & Co. | 2.68% | 1.14% | 1.54% |
| VVisa Inc Class A | 2.15% | 0.96% | 1.19% |
69.2% of ALRG is already inside HELO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALRG or HELO?
ALRG has an expense ratio of 0.28% while HELO charges 0.50%. ALRG is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, ALRG or HELO?
Over the past year ALRG returned +18.20% vs +7.68% for HELO, so ALRG leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +21.35% vs +8.91% for HELO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALRG or HELO?
ALRG has been the more volatile fund at 11.9% annualized versus 6.8% for HELO. Worst drawdown: ALRG -9.3% vs HELO -5.8%.
Should I hold both ALRG and HELO?
ALRG and HELO have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ALRG and HELO?
69.2% of ALRG's money is in holdings HELO also owns. 46.3% of HELO's is in holdings ALRG also owns. They hold 28 positions in common, counted across the 50 positions we hold weights for in ALRG and 146 in HELO.
Which pays a higher dividend, ALRG or HELO?
ALRG yields 0.42% while HELO yields 0.57%, so HELO currently pays the higher dividend yield.
Is HELO better than ALRG?
ALRG has a lower expense ratio. ALRG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. HELO is less concentrated, with 40.1% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.